Discuss the pricing and production decisions of a firm operating in a perfectly competitive market and compare them with a firm operating in a monopoly market, monopolistic competition and an oligopoly market. Explain why monopolies are almost always regulated? Give a real-world example. Is your firm or industry regulated? How does the production and pricing decisions are made in your firm?
****THIS QUESTION MUST BE ANSWERED IN NO MORE THAN 200-300 WORDS, AND IS NEEDED BY 4PM TOMORROW EASTERN TIME.